AMD say goodbye to the building in Singapore

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POSTER: computer news   ||   AMD SAY GOODBYE TO THE BUILDING IN SINGAPORE	DATE:2013-09-27
Following the example of many companies caught in a difficult financial situation, AMD some time ago decided to sell the building engineering center in Singapore , which employs about 500 people. This week, the company said that the deal to sell the building for $ 46 million is over. Sabana REIT company now will own and manage the building   , a unit of Singapore AMD will pay money for rent.  Initial contract is for a period of ten years and provides an opportunity to renew. In this quarter, the results of which AMD will report in mid-October, the company will gain from the deal only $ 16 million, the remaining amount will be reflected in the accounting records later.  According to AMD, this transaction is in line with company strategy, which implies getting rid of non-core assets, including real estate.  Previously, AMD has got rid of the complex of buildings in Austin, Texas. Related Products :

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